Healthcare Leads Monday's Highs; Markets Rally Behind New Stimulus Discussion

Monday, September 28, 2020 3:41 PM | Neal Farmer

During trading Monday, 33 stocks traded to a 52-week high, while 10 stocks bottomed out at new 52-week lows. The S&P 500 is up 1.78% on the day so far. Markets are enjoying a nice rally to start this week after rough recent weeks of trading as the big tech stocks and travel stocks are leading the charge. American Airlines (AAL) and Carnival (CCL) posted big gains today as investors gauged the renewed talks for additional stimulus packages in the wake of COVID-19.

The following stocks traded to 52-week highs: ARNA, BAND, BLD, COOP, DFIN, DHR, DNKN, DORM, FDX, FVRR, GH, INOV, KLDO, KURA, LPRO, MNTA, NFE, NVTA, OPRX, PACB, PCTY, PLAN, RUN, SGEN, SGMS, SLP, TGT, TOL, TTGT, TWST, UPS, VSLR, Z

The following Stocks traded to 52-week lows: ASC, CVIAQ, MERC, MNK, NEBLQ, ODT, RDUS, SDRLF, TCDA, XOGAQ

Healthcare: ARNA, DHR, GH, INOV, KLDO, KURA, MNTA, NVTA, OPRX, PACB, SGEN, SLP, TWST

Healthcare stocks dominated our list of highs today with 14 out of the 33 total stocks that reached their high coming from the Healthcare sector. The Healthcare sector is up 0.86% so far Monday while the S&P 500 is up 1.78%. Healthcare once again tops our list for highs as it continues to outperform the market since COVID hit. Traders are still speculating on biotech companies to benefit from the race for the vaccine but other medical industries are prospering as people focus on short and long term health due to the pandemic and overall renewed focus on taking care of our body.

Technology: BAND, PCTY, PLAN, RUN, VSLR

The Technology sector had the second largest presence on our 52-week highs, with 5 out of 33 highs coming from the Technology sector. The Technology sector is up 1.59% so far Monday while the S&P 500 is up 1.78%. Tech stocks are performing extremely well Monday as investors are once again putting their money into the biggest players such as Apple and Microsoft. However the stocks hitting their high today are smaller stocks due to recent poor trading for some of the bigger stocks because of fear that they were extremely overvalued following the rally from market lows in February.

Share this article:

Upgrade to Premium and Analyze Stocks Like a Pro

50% Off All Subscriptions
InvestorsObserver Premium
InvestorsObserver Premium
InvestorsObserver Premium
Save up to 65% with annual

InvestorsObserver Premium

$ 20.75 $ 10.38 /month
$249 $124.50 billed annually

You May Also Like